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Oversupply remains a key challenge for shipping, ICS warns

Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that preventing overcapacity and unsustainably low freight rates continues to be a major challenge ten years after the massive downturn of 2008. Mr. Bennett noted that shipping companies should show restraint when ordering new ships, in order to prevent stifling recovery.

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Necessary Escape Route Signs and Equipment Location Markings

During IMO's 30th session assembly, the organization adopted resolution A.1116(30) about Escape Route Signs and Equipment Location Markings. The resolution harmonizes the requirement of SOLAS regulations II-2/13, II-2/15, III/9, III/11, III/20, taking into consideration the ISO standard 24409. These signs and markings apply to vessels that are constructed on or after 1st January 2019 and current ships that undergo repairs, alterations, modifications and outfitting.

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